- EBITDA Net profit of AUD$0.115M
- Strong Revenue Growth Continues – 66% Increase
- Over AUD$1.2M Cash At Bank
MELBOURNE – February 25, 2004 - destra Corporation Limited (ASX: DES), announced today its 4D Statement for the Half Year ending 31 December 2003 showing cash at bank position of AUD$1.245M; a 66% increase in revenue; and an EBITDA profit of AUD$0.115M
The audited financial reports for the Half Year period ending December 31 2003, shows revenues of AUD$3.967M, an increase of 66% from 1H 2002: AUD$2.329M. Earnings Before Interest Tax and Depreciation of AUD$0.115M, an improvement of AUD$1.053M from 1H 2002 and a total loss to members of (AUD$0.181M) compared with a loss of (AUD$1.332M) in 1H 2002.
Destra is Australia’s Second Largest Hosting Service Provider (OzHosting.com). Their stake in online music includes operating as the sole provider of new music to radio stations via the Internet (MusicPoint.com.au) as well as being Australia’s Largest Digital Music Provider (DestraMusic.com) giving it a strong position to capitalise on the emerging online music market.